DXLG Stock Summary and Trading Ideas (Destination Xl Group | NASDAQ:DXLG)

Destination XL Group Inc is a retailer of branded and Tall men's clothing and shoes in the United States. It also sells products across the world. The company sells its products under the trade names Destination XL, DXL, DXL Men's Apparel, DXL outlets, Casual Male XL, and Casual Male XL outlets.

Destination Xl Group trades on the NASDAQ stock market under the symbol DXLG.

As of April 19, 2024, DXLG stock price climbed to $3.26 with 477,385 million shares trading.

DXLG has a beta of 1.09, meaning it tends to be more sensitive to market movements. DXLG has a correlation of 0.10 to the broad based SPY ETF.

DXLG has a market cap of $189.04 million. This is considered a Micro Cap stock.

Last quarter Destination Xl Group reported $137 million in Revenue and $.10 earnings per share. This fell short of revenue expectation by $-1 million and exceeded earnings estimates by $.04.

The top ETF exchange traded funds that DXLG belongs to (by Net Assets): VTI, IWM, AVUV, VXF, IWN.

DXLG has underperformed the market in the last year with a price return of -30.3% while the SPY ETF gained +21.2%. DXLG has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -20.9% and -5.0%, respectively, while the SPY returned +3.0% and -4.5%, respectively.

DXLG support price is $3.08 and resistance is $3.24 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DXLG stock will trade within this expected range on the day.